แรงขายกดดันราคา Ethereum หลังคิวถอน Staking พุ่งสูงสุดในประวัติการณ์
Ethereum holders have been increasingly seeking to unstake their tokens, a movement that signals potential sell pressure on Ethereum, as pointed out by a Bitwise analyst. On Friday, the Ethereum blockchain's validator exit queue reached a new peak of 855,158 ETH, which equates to approximately $3.7 billion, based on data from validatorqueue.com. This significant rise in unstaking intentions has coincided with a notable dip in Ethereum's price, which fell by over 3% after approaching a new all-time high. Staking involves locking up digital assets to secure a blockchain network, earning rewards in the process. However, recent uncertain market conditions may have prompted Ethereum stakers to reconsider their positions, opting to unlock and potentially liquidate their holdings. Notably, there's a limit on the number of ETH that can be unstaked at once to ensure network stability by managing validator exits, a restriction that currently results in a 15-day queue to clear these unstaking requests. Bitwise's Senior Investment Strategist, Juan Leon, highlighted that this queue of unstaked ETH could be exerting downward pressure on Ethereum's price. The second-largest cryptocurrency has seen a price reduction shortly before nearly reaching a historical high. Factors such as the discount trading of stETH during unstaking processes could depreciate their value as collateral, potentially triggering protective financial actions or even liquidations, increasing spot ETH sales. Furthermore, prolonged unstaking trends could deter profitable trades, especially if the cost to borrow ETH rises, which would make such trades via liquidity pools in DeFi protocols less viable. Consequently, traders might unwind positions by selling ETH to repay loans, further synchronizing sell pressure. Although Ethereum almost touched its record high price from November 2021, growing geopolitical pressures and economic reports from the U.S. have weighed down its value. Leon also advised caution in interpreting the situation, emphasizing that while unstaking might not cause an immediate crash, it could act as a gradual increase in supply, applying pressure to prices if it surpasses new demand for ETH. Source: https://decrypt.co/335549/billions-in-ethereum-waiting-to-be-unstaked-could-add-sell-pressure-to-eth-analyst #AvareumNews #Ethereum #Crypto #DeFi #Investment This newsletter is produced with assistance from OpenAI's ChatGPT-4o. All analyses are reviewed and verified by our research team.
